The Auditor General’s Office has released the latest report on Parastatal Bodies for the financial year ended December 31,2012 with financial irregularities totally over one trillion Kwacha.
Public Relations Officer, Ellen Chikale says the report shows an overall tone of poor performance owing to internal control lapses.
Ms. Chikale says this means that the institution lacks a strategic direction, has inadequate checks and balances and disregards the legislation that established it.
This is contained in a statement issued in Lusaka on Thursday.
She says other issues highlighted include poor management of contracts, poor financial performance, poor infrastructure management and poor management of pension funds.
The Report examines a number of parastatals and government funded institutions that include the Citizens Economic Empowerment Commission, Electoral Commission of Zambia, The Judiciary, The University of Zambia, Times Printpak Zambia Limited and Indeni.
Others are the Nitrogen Chemicals of Zambia, National Airports Corporation Limited, Zambia Railways Limited, Zambia Development Agency, National Pension Scheme Authority, Zambia Wildlife Authority and ZSIC Group of Companies among others.
The major issues raised in this report are lack of strategic plans, failure to produce financial statements and failure to constitute boards of directors.
In addition, the Report also mentions 21 statutory and parastatal bodies that had not produced audited financial statements on the accounts for the financial year ended 31st December 2012.
Ms. Chikale says the institutions include the Coffee Board of Zambia, Cotton Board of Zambia, Livestock Development Trust, Cotton Development Trust and Nitrogen Chemicals of Zambia.
Mpulungu Harbour, Citizens Economic Empowerment Commission, Zambia Environmental Management Agency, National Housing Authority and Times Printpak are also on the list.
Others are the Zambia National Broadcasting Corporation, Zambia Printing Company, Zambia Institute of Mass Communication Trust and the Hotel and Tourism Training Institute.
The Zambia Postal Services Corporation, Mukuba Hotel, Development Bank of Zambia, ZAMCAPITAL, Lusaka Trust Hospital and the Zambia Education Publishing House also did not produce audited financial statements.
Imwe ba AG,leave us alone to eat,nichani kansi?
By Virtue of being born zambia, you have a recessive gene, an adverse one I must add that is corrupt, will tempt you to steal, is corrupt.
Unlike a whiteman, you should not be surprised by this. A look at the Prisons in the USA and or Europe will attest my statement.
What is my point? Well my point is is, do not blame , prosecute, persecute or condemn these people, the odds are, you, i repeat YOU would almost certainly have embezzled those funds as well.
Again, anyone condemning the PF is a simpleton, needing a mental refit,
Thanks
Herve Renard plays down links to Morocco coach position
Sochaux coach Herve Renard has distanced himself from reports he could become the next coach of Morocco.
Morocco are seeking to install a permanent replacement for Rashid Taoussi, who was sacked last year.
The Atlas Lions are believed to want 45-year-old Renard, who won the 2012 Africa Cup of Nations with Zambia.
However, Renard told BBC Sport: “At the moment I am in France and my first priority is to stay in Europe – at Sochaux or to move to a better team.”
Does this report include RDA accounts?
When you walk through a storm
hold your head up high
And don’t be afraid of the dark.
At the end of a storm is a golden sky
And the sweet silver song of a lark.
Walk on through the wind,
Walk on through the rain,
Tho’ your dreams be tossed and blown.
Walk on, walk on with hope in your heart
And you’ll never walk alone,
You’ll never, ever walk alone.
Walk on, walk on with hope in your heart
And you’ll never walk alone,
You’ll never, ever walk alone.
General kanene jailed for 18 years
Ba lusaka times, it would more helpful if you would categorize the misappropriated amounts per company in your reporting.
The problem is that the government employs cadres instead of qualified people, what do cadres know about internal controls and strategic management . Pitful.
Kombo @ 2.1,
This will NEVER Stop, as long as we have this Rotten Archaic Constitution that P.F. are so much in Love with for obvious reasons,- they can Milk Zambia dry with impunity!!
Why are you always blaming the online papers. If you listened to ZNBC news, that’s what was reported.
In short there is no financial accountability in Zambia. It did not start today but is now in our genes as Zambians. It’s a shame fellow Zambians, Imagine over 1 trillion kwacha!
Year in year out, we are treated to the same kind of reports against which no action is taken by the forces that be! This is all because the Auditor General’s office has no power to prosecute. Twanaka nafyo, Can’t we do something about it as citizens?
David Moyes = Man U
PF= Zambia
I see no difference.
UPND = Southern Province
I see the diffrence
At least Moyes won some games, nomba ba Pa-Fyamba, awe sure!
UPND = Southern Province
I see the difference…
and PF = Muchinga Province. I can’t see the difference!! Kekekekekekee. I’m sure your kind is not sleeping such that you have to keep invoking the initials of his names even when no mention was made of him in the article above. The unstoppable one is inevitably approaching plot 1 at neckbreaking speed. sela tupiteko!!!!!!!!! HH 2016!!!!!!!!!!!!!!!!!!!!
You must either be a Tonga or SDA lookn @ your confidence …..we cannot risk takin mabisi to state house unless cows start flying….
That kind of thinking is dangerous; it is illogical! What’s wrong with mabisi?
We risked putting ‘natola fye’ in state house! No clue whatsoever to what’s happening economically, let alone on a global scale!
The a$$hole is a paid PF tribal cadre employed to be a troll on topics that expose PF’s criminality and incompetence. The idea is to divert discussion of the issue at hand.
Sometimes mwaibwelamo naimwe ba Halenya, you are so boring. No wonder the only sexual relationship you have ever had is with your hand and that’s why you are muscular in just one arm. Chaps like you kuti mwa kwata vibe kuli ba gelo imwe? Same nonsense day in and out? We already know ul!mbwa so no need to remind us lyonse ka virgin iwe.
As if this embezzling is not enough, P.F want to start Indeco, another gravy train for the Boys & Cadres.
Twafwa pa Zed, not only do their pockets have more Money, but are bursting with ill gotten wealth!
Its business as usual and you trust these empty tins to run another body to create more govt owned companies to waste taxpayer’s money…. really laughable this is the selfsame national pot where the $1bond will and the $750m has disappeared into.
How can they come up with a financial reports when sata is busy asking money from these parastatal companies and keeps it in his office,he just calls ,just what he does best no written proof.am sure most of these parastatal accounts are rich now.its a banana republic,swangwapo.
I thought that, the reports made are supposed to help and improved the running of these institutions but to my suprise even two years ago, the report was just as for this year.
“The 2010 Auditor General’s Report on parastatals has been published and it shows glaring irregularities and abuse of funds amounting to over K1 trillion.
Some of the parastatals mentioned in the report are the Citizens Economic Empowerment Commission (CEEC), Electoral Commission of Zambia (ECZ), National Housing Authority (NHA), National Pension Scheme Authority (NAPSA) and the Road Traffic and Safety Agency (RTSA).”
Others are the University of Zambia (UNZA), Zambia Revenue Authority (ZRA), ZESCO Limited, ZAMTEL and the Administrator General and Official Receiver.
I thought that, the reports made are supposed to help and improve the running of these institutions but to my suprise even two years ago, the report was just as for this year.
“The 2010 Auditor General’s Report on parastatals has been published and it shows glaring irregularities and abuse of funds amounting to over K1 trillion.
Some of the parastatals mentioned in the report are the Citizens Economic Empowerment Commission (CEEC), Electoral Commission of Zambia (ECZ), National Housing Authority (NHA), National Pension Scheme Authority (NAPSA) and the Road Traffic and Safety Agency (RTSA).”
Others are the University of Zambia (UNZA), Zambia Revenue Authority (ZRA), ZESCO Limited, ZAMTEL and the Administrator General and Official Receiver.
Sometimes mwaibwelamo naimwe ba Halenya, you are so boring. No wonder the only sexual relationship you have ever had is with your hand and that’s why you are muscular in just one arm. Chaps like you kuti mwa kwata vibe kuli ba gelo imwe? Same nonsense day in and out? We already know ul!mbwa so no need to remind us lyonse ka virgin iwe.
No wonder we have witnessed an ’emerging group of finondos’ in Zambia! While the rest of our people languish in squallour? Some people have no moral fibre! And you get to the forefront shouting pro-PF support slogans, so that you can continue benefitting from the gravy-train! PF kuya bebele come 2016 !!!
The managers of those parastatals must Tongas trying to finance 2016 presidencial campains 4 there rubbish tribal leader HH (Hungry Hyna).
You must be a Bemba who sees nothing wrong with the report because stealing is embedded in your genes. That is why you have terms like ”natola fye”,”uwamwibala alya mwi bala.
You can accumulate all the wealth but one day you will die and will not even take one ngwee to your grave. You will only be buried in an expensive suit and coffin which you will not even see.You will be accountable before your Maker!
Mumbi mwaiche walatukwa boyi, ikalafye. Lelo ni Friday waumfwa ka mato.le yanono?
Only a Zambian who has never been part of recycled politicians and gone to school with a visible record can correct and reverse this corruption syndrome. Late president Levy Mwanawasa who went to school and visible record of his achievement almost made it had it not been for the tragedy of death. A fresh start and new politics is the main agenda for Zambia and Zambians.
Now that the AG’s report is out what happens ? Does it just end there ( mismanagement of scarce resources ) ?
Kwacha rate to $ is at 6.3050 today and to pound is 10.5905. VIVA PF!!
It is reports like these that make us oppose the reformation of INDECO rebranded by SATA as IDECO. Mr Sata’s IDECO would operate the same way as the current parastatals or even same as former INDECO. The similarities are that they are all parastatals where a head of state effectively appoints or rewards their cadres with or without any form of experience except that of “cadrerism” manners. The other one is creation of employment for one’s relatives in these so called parastatals. This is happening under the man of “action “ who promised zero tolerance to corruption. We will save a great deal of tax payers’ money by not embarking on failed practices.
You actually make it appear so easy along with your presentation but I in finding this topic to be actually something that I believe I would never understand. It sort of feels too complex and extremely wide for me. I’m having a look ahead to your subsequent post, I’ll try to get the grasp of it!